Category > switzerland

Some European jurisdictions like Switzerkand or Luxembourg or the UK may be upset and think that the USA are willing to kill their business. The USA raises actual problems with Libor or the use of banking secrecy in Switwerland or Luxembourg. However I wish the USA and Obama were more balanced by admitting their own responsibilities in the current mess and taking corrective actions : - It seems that the subprime issue was hushed up . - Jurisdictions like Delaware are not controlled and it seems there is no will to control. In medio stat virtus.  

Reuters reported that the Swiss government still wants to settle a long-simmering dispute with U.S. justice officials over undeclared funds stowed in Swiss offshore funds by year-end. Switzerland wants the investigations dropped, in exchange for payment of fines and the transfer of names of thousands of U.S. bank clients. It also wants a deal to shield the remainder of its 300 or so banks...

It was reported that Germany, the United Kingdom and Austria, are about to ratify the agreement signed with Switzerland to impose a one-time tax in all deposits of citizens with tax base in such...

Dow Jones has reported that confidential files that an informant may be offering for sale to Germany's government files that may contain information on 1,500 German taxpayers using Swiss bank...

Dow Jones Newswires has reported that UBS issued a code of ethics and conduct it will require all of its roughly 69,000 employees to sign, part of the Swiss bank's effort to restore its...